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20121006
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the deficit or burdening the middle class. it's math. it's arithmetic. >> reporter: on medicare and social security one agreement. >> neither the president nor i are proposing any changes for any current retirees or near retirees. >> reporter: in ten years romney wants a private medicare option. >> aarp has said that your plan would weaken medicare substantially. >> reporter: romney fired back in a major debate moment that the president weakened the economy by his focus on health care. >> i just don't know how the president could come into office facing 23 million people out of work, rising unemployment, and spend his energy and passion for two years fighting for obama care instead of fighting for jobs for the american people. >> we did work on this alongside working on jobs because this is part of making sure that middle class families are secure in this country. >> reporter: a substantial debate. no zingers. i'm steve handelsman, nbc news, denver. >>> all right. so how did the candidates do? well, post debate instant polls reveal that most voters believe mitt romney did better than presi
's not possible to come up with enough loopholes for individuals to avoid raising the deficit or burdening the middle class. >> there will be no tax cut that adds to the deficit. >> i will take ideas from anybody, democrat or republican as long as they are advancing the cause of making middle class families stronger and giving opportunities to middle class. >> i have got five boys. i'm used to people saying something that not always true but repeating it hoping i will believe it. i will not reduce the taxes paid by high income americans. >> we do better when the middle class is doing well. by giving them those tax cuts they have more money in their pocket so maybe they can buy a new car. >> under the president's tax policies middle americans have been buried. they have been crushed. martha: joe biden had a bit of a gaffe using that same line and mitt romney put it back at him last night. candidates will barely have time to catch their breath. they get back on the campaign trail today. the president will be in colorado and wisconsin. the romney camp moves along to the swing state of virgini
. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in that case, the government will need to find an additional 5 feweuro of spending cuts on t of what will be announced today. the budget will include one very symbolic measure, new tax rate of 75% for people earning more than 1 million euros per year. it will be implemented only on around 2,000 people and it will raise only 200 million euros. so that's a symbolic measure that the prime minister has been clear already saying that it was a patriotic contribution to help the country recovery. also the government will confirm today probably that the bracket for the income tax in france won't be adjusted anymore to the inflation. that seems to be technical, but it means that with the same salary next year, people here will pay much more taxes than they used to pay. so basically, yes, it's focused on a tax increase. it's really imp
'm in this race is there are people that are really hurting today in this country and we face this deficit could crush the future generations, what's happening in the middle east, there are developments around the world that are of real concern. and republicans and democrats both love america, but we need to have leadership. leadership in washington that will actually bring people together and get the job done and could not care less if it's a republican or a democrat, i've done it before. i'll do it again. connell: that was mitt romney. our first guest on the program today is congressman charlie rangel, democrat from new york. great to see you. everybody is asking this question in all seriousness, what happened to the president last night? >> i walked on the street this morning, people think i talk with the president on a regular basis, hey congressman, what happened? hey charlie, what happened last night? connell: we have another question congressman, what happened to your microphone? hold on a second. now it is back on. >> everyone is asking that same basic question, what happened? he certain
the deficit. >> of mitt romney will bring down the hammer on sesame street. >> republicans insisting it is time to tighten our fiscal belt if we are serious about the recovery based on what they call a more realistic math. new numbers is coming in now we see a mitt romney is up one. in virginia -- one point in virginia. that is a significant shift. >> thank you. on monday, at mitt romney will be back in virginia giving a speech in lexington. on tuesday, michelle obama will be in loudoun county. >> the president's campaign fund-raising hit a record high. sources say he raised close to $150 million in september more than any previous month and in the campaign this election cycle. mitt romney has yet to report his september numbers. he raised $112 million in august. >> and change is coming for the weather. it looks like this season's are going to change in terms of the temperatures. after it temperatures in the 70's and 80's, we are headed into fall weather. >> here in the belfort to furniture weather center, we're going to go from summer time to the first taste of winter weather. look
of improvements in the polling for government romney. who would better handle the deficit? romney went up 16%. who would handle the economy? romney gained 12 points over president obama. taxes, romney was ahead by nine points. health care, romney was ahead by five points. i would mention, the sampling error is almost five points there. but still, in virtually every single question, it was the governor romney who, among people who saw the debate, they felt that he was now ahead in the polls that flowed. what do you make of those very devastating numbers for the president? >> i think that governor romney is certainly a skilled debater. and last night he was able to elevate his level of performance. but he did not change the fundamental dynamics of this race, nor did he change some of the policies that actually got us into the economic mess that we have. he embraced the president and agreed that, in fact, he does want to turn medicare into a voucher program, and he still skated and danced and tap danced around how it is that he's going to cut tax for millionaires and billionaires without that having
either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from china to pay for. >> we will expand the debate with third-party candidates after the headlines. turkey has launched strikes inside syria after a bomb fired from syrian territory killed five turkish civilians. the victims were a family of five and a village near the syrian border. the turkish deputy prime minister said his government had every right to respond with force. >> there has been in attack and citizens have lost their lives. there is definite response to international l
to the deficit. then romney said hey, i don't have a $5 trillion tax cut. cnn's tom foreman is here. what's up with that, tom? >> there were more accusations and denials than a junior high school schoolyard fight. we knew it would be a big issue. it dominated the beginning of this debate. obama said that romney is pitching a huge tax cut for the wealthy. >> governor romney's central economic plan calls for a $5 trillion tax cut. on top of the extension of the bush tax cuts, that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> awful lot, but let's look at the facts. mitt romney does propose a 20% tax cut. the nonpartisan tax policy center says that under that plan, if that's all you're talking about, is the tax cut, taxes on the wealthiest americans would be reduced by $5 trillion initially. our verdict here on this claim is that it is false. to understand why, you have to look at the the second part of the equation here. mitt romney, his idea that he would cut taxes on the wealthy by $5 trillion, we're saying that is false. the
will cut to bring the deficit down which he promised four years ago. >> andrea: i don't think president obama has a leg to stand on when it comes to entitlements. in the last four years he created a giant new entitlement that will put the onerous taxes on the middle class. i think he has to keep president obama on defense all night. i've talked to a lot of people and they say the entire debate is about romney. romney needs to play to win. while president obama needs to play not to lose. as long as he can keep him on defense, which he can. the facts are on romney's side. i talked to a senior advisor and just saw the candidate, he is calm and in great spirits ready to go. >> bob: that is what they always say before debates. if you abandon your own vice president medicare proposals? >> dana: they answered that. >> bob: how so? >> andrea: i don't think he will let himself get trapped in the details, bob. he will take it to the president. the facts are on his side. all he has to do is bring up the promises that president obama made. all the promises that he hasn't kept. boston you want to be
the congressional budget office estimates a federal budget deficit at $1.1 trillion. the fourth straight year of trillion dollar deficits. it was a slight improvement from the 2011 deficit of $1.3 trillion. starbucks will add 1,000 stores in the u.s. over the next five years. the coffee giant's ceo said the expansion will add total of 20,000 jobs that. is good news. >>> california gas prices increased 36 cents in one week. the average price of regular gas across the state is $4.49 a gallon the highest in the nation. >>> dave and buster's halts plans to launch a initial p.m. ofsh. yesterday the company first filed to go public in july. >>> rooper jay-z is live streaming his final con terse in new york city's barclay center. will air on his new channel on youtube. [buzzer] just in time that is today's speed read. >>> the u.s. unemployment rate as i'm sure heard fell to 7.8%. one economist said expected to rise to 8.2%. dean baker, economic policy and research director said the unemployment rate drop certainly a statistical fluke. we don't have to quote him because we have him. he is here right
deficits under george bush is because we put two wars it and two tax cuts on a credit card and now governor romney wants another $5 trillion in tax cuts that he can't pay for? not if i have anything to say about it. that's not going to happen. we are not going to let this country fall backward, not now, not with so much at stake. we've got to move forward. we need to invest in small business and manufacturers who create jobs here in the united states. we need to recruit 100,000 math and science teachers, train 2 million workers at community college, bring down the cost of college tuition. [ cheers and applause ] we need to cut our oil imports in half, create thousands more jobs in clean energy. we need to use the savings from ending the wars in iraq and afghanistan to help pay down our deficit and put people back to work doing some nation building right here at home. that's the agenda we need. that's how you strengthen the middle class. that's how you keep moving forward. that is the choice in this election and that is why i'm running for a second term. that's what we need. [ cheers and app
have started looking over. we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the detail
a fiscal deficit problem or whether it has to be solved. a year ago that was debated and now the debate is however going to solve the? are we going to solve it on the revenue side? are we going to to solve it on the expenditure side? there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of w
supports the bush tax cuts for the wealthy. >> bill: which increased our deficit by over a trillion dollars. >> he supports the ryan budget which would take another trillion dollars of tax cuts. i don't know how you can say those things but i believe the american public know that you can't say that you're opposed to tax cuts and then support them. >> bill: yeah. it was like -- president obama said well, in fact, here's what he does. it is $4 trillion and then another $2 trillion and there's just no way that that is not going to add to the deficit. and romney's response was no, no no! i just said -- i will not have a tax cut that will add to the deficit. so therefore what you just said isn't true. just because mitt romney says it doesn't mean it's not true. but i want to come back -- focuses on education. there was one time where the president made this link to -- from the ryan budget to necessary cuts in education. peter, do we have that clip? >> obama: governor romney indicates he wants to cut taxes and potentiall
that the military hasn't asked for. that's $8 trillion. how we pay for that, reduce the deficit and make the investments that we need to make without dumping those costs onto middle-class americans i think is one of the central questions of this campaign. >> under the president's policies, middle-income americans have been buried. they've just been crushed. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. at the same time, gasoline prices have doubled under the president. electric rates are up. food prices are up. health care costs have gone up by $2,500 a family. middle-income families are being crushed. and so the question is how to get them going again. >> a lot of this is just the visual and style of it, but also he was writing a lot. his head was down instead of engaging when you're debating, i have to say that mitt romney knew how to do that, how to get right in there and look right at him and go after. and then he was able to sort of gain control of the narrative, so to speak, beca
.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one is for all of you. >> you told me this morning that you felt seve in the team room last night. you felt that he could propel you guys to a victory today. how was his presence felt this afternoon? >> well, seve will always be present with this team. he was a big factor for this event. for the europe side. and last night when we were having that meeting, i think the boys knew that believing was the most important thing and i think they did. >> you've won a couple of major championships. you told me earlier in the week, it was very difficult to watch
is so weak and republicans are talking about trying to, you know, bring the government deficit down, trying to straighten out the economy in the long run. so i don't see final demand so things might be better four years from now and therefore the president will look very good in hindsight, but it's going to be a hell of a ride getting there. >> you say might look better four years from now. >> i don't know. are they going to do a good job? it's hard to do a good job. i would argue obama did a good job because the situation was so awful where he started out. looking with hindsight you could have done better than you did. >> what do you think has to happen most? you worry about some of the austerity but you think we need to flush the system and deal with bitter medicine? >> well, one thing, the really good things about the united states, you got to be much more positive about this country than europe or japan. one, because we've got more people here, we're growing, we have babies, we have growing population so the housing problem will disappear. all of the houses are going to get used
blamed republicans and the bush should ministration for the deficit. >> by the times be rains were turned over to barack and me, they had doubled the national debt in eight years. >> today, paul ryan campaigned in new hampshire. the granite state has four electoral votes. but that could make a difference in the race that could come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is shifting to a different stage this week with wednesday night's showdown between president obama ann romney. >> if you have taken a look at the history of debates, it is not about policies. is not about facts. it has changed because someone did badly or did well. >> both candidates are in intense prep sections. romney may have the most on the line. his campaign is looking at this as a chance for a game changer. >> one more note from the campaign trail. and a four paul ryan has confirmed -- and aide for paul ryan has confirmed you will spend three days preparing for his debate with vice president joe biden. and new information
individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 billion, 50 yearrs worth of breaks in solar and wind to solyndra, and fis car and i have a friend who said you don't just pick the winners and losers, you pick the losers, this is not the kind of policy you want to have. >> bill clinton tried the approach i am talking about. we created 23 million new job went from ficit to surplus and businesses did very well. so, in some ways we have data on which approach is more likely to create jobs and opportunities for americans and i believe that the economy works best when middle class families are getting tax breaks so they have money in l pockets and those of us who did extraordinarily well because of the magnificent country we are living in. >> so what came out on top after last night's showdown? we'll ask obama delegate brian benjamin and fox news contractor angela mccowan. >> thank you. >> it was a long night. angela who won and why? >> of course romney did. people want substance and solution and not glorified speeches
that adds to the deficit. >> is the reason he is keeping all of these plans to replace a secret because they're too good ? >> i am concerned that the path we're on has been unsuccessful. >> i definitely have an idea. >> the next presidential debate is on october 16th. the vice presidential candidates face off next week and kentucky. >> the president did it appear to be disengaged. he has been preparing. he also has a day drop. i do not think he is used to people challenging him like that. i think he was a little surprised at the level of challenge. i did not know why he did not come up with some of the lines like a 47% in your sending jobs overseas. all things he had in his back pocket. he did not use them. >> strong jobs report could swing the momentum back to the president. >>one of the most talked about moments of the debate came when mitt romney made a reference to sesame street. >> i am not going to keep on spending money to bar from chinaborrow from china. romney's remarks sparked more comments on twitter than his nomination acceptance speech at the g-o-p convention. they als
, and their greatest threat to america is not military, it is the deficit. why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 pages, and grows ev
. at the debate last night, the bank act it obama on the $5 trillion deficit -- they fact- checked obama on the $5 trillion deficit, which was truly the romney mendacity -- on romney's front, i forget what they were fact checking but it was much more serious. you need a voices inside and outside the democratic party, citizens of conscience, to call out when they hear the media not getting to the bottom of the issue. our media, let's be honest, has treated the campaign as a horse race. look at the debate. as i mentioned earlier, it was treated more like a theater performance than actually grappling with the substance. president obama, if you look of the coverage, i'm sure 92% of it had more to do without disengage he was then the actual substance -- with how to disengage he was then the actual substance. that is not helping for a country that prides itself on being a democracy with engaged and knowledgeable citizens. host: we are almost out of time. i will try to get two students in. guest: i will be brief. host: bolivia is a political science major. >> my question has to do with the rhetoric invol
in the real clip in 2013 is you can't sustain these deficits obviously for too long because they can't keep printing money and expect the world to take it or buy treasury notes forever. the economy is slow and they will be coming into another dip. they are foreign policy challenges i think the next president will have a moment between november 7, i agree just to begin november 7, on january 20. and i don't know, summer, fall of 2013 to do a lot. and i would bet that there would be a huge legislative agenda in 2013. i think whichever ones when can i do by the gridlock argument. if obama gets reelected he will have kind of a mandated basically. i mean, to go with his version of a big deal which will be bowles-simpson, the left version of bowles-simpson, let's say bowles-simpson with a tax hike for people over 250 or 500,000 or in a little less tight new form. if romney wins he will have a mandate for some version of the ryan budget, probably temper a little bit to get some democratic votes. if he becomes president i think we'll have a mandated something close to the. either way we'll probably
that vote in large numbers. if you're a republican and deficits with minorities and women, you need those white seniors to show up in large numbers for you. maybe they won't really understand that they fit into this category. there is a fair number of people who think this other people who are drawing on government subsidy in one way or another. but that vision part of this debate is going to be interesting because mitt romney has set himself up for some pretty difficult territory. are people on social security the kinds of voters that you are talking about, mr. romney, in this debate tonight, when you say government is paying too big a role in people's lives. that's a tricky one for him to walk out of. >> are the elderly moochers? he's going to have to answer that question. >> service members on disability? i mean same thing. >> coming on the heels of the romney campaign trying to use joe biden's biden-esque turn of phrase the middle class has been buried and you know, biden has walked that back, you know, is it an indictment of the president? look if you're going to fight for the ground
mind my promise that i'm going to cut taxes and i'm going to also balance the deficit, but i'm not going to tell you about the loopholes i'm going to close or the deductions. so just trust me. you know, come on. >> that would be -- if that was an effective message, then president obama would have done a lot better last night. that is the line that the obama team has been trotting out for several months and then it didn't match up with reality and if you do just a little digging, you find out that wasn't true. i think the romney team immediately, because they've been calling him a liar so much, then america sees him, he doesn't seem like he's lying to me. and to obama's credit, he did not do what his campaign has done, he did not personally attack which shows a disconnect between obama and his team. >> you think he looked presidential? >> yes. >> romney? >> no. >> romney looked way more presidential. >> obama looked like he wanted to have a serious debate. he wasn't interrupting jim lehrer. >> my favorite actually, too. but i took a second look. >> we had the same one. this is
not quite recognized the deficit we have. as for the state level, a lot has happened. we work at the state level. we attempt to put together coalitions that recognize the importance of educating kids from conception to kindergarten. we are finding more business people who get the reality. they are understanding the situation and are increasingly ready to take action. in the area lisa pointed to, educating early solves educational problems. we published a report last march. it is on the website. it is a way to reduce special education costs. we know quality pre-kindergarten provided to 100 kids yields in reduction in special education costs alone enough to pay for the services. at the state level, there is an understanding that takes place that people can act on. it can better be done on the school district level. the power of technology is enabling people at local levels to act in ways they cannot at the federal level. as they act at the local and state level, it becomes clear that the federal level what needs to be done. the beginnings of this process are sufficiently still knew that it w
in this format is a huge deficit, and they kept winning matches and they really seemed if one was ahead, another one would get ahead and they fed on each other and the next thing it was a tied match going into the end and the europeans pulled it off. >> the crowd must have been stunned. >> yeah, it was ryder cup crowds, they're really like nothing else in golf because fans act like fans at every other sporting event. they cheer very loudly. there was a strong european contention. on sunday definitely the strategy by the europeans was to take the crowd out of it. they got up early. they sent out their best players. they sent out luke donald. they sent out justin rose. they sent out rory mcilroye. they quieted the crowd in chicago and that's why they were able to win. >> tiger woods has been getting a lot of blame by the media here in the u.s. does he deserve it, do you think? >> i mean, over the course of its career, the ryder cup has been a place where he's not performed to the level he has in other spots. i do think that the format of the ryder cup is different. i mean, you look at the way peop
that the military hasn;t asked for. that's 8 trillion dollars. how we pay for that, reduce the deficit, make the investments we need to make without dumping those costs on the middle class americans is one of the central questions of this campaign. president barack obama and former governor mitt romney adapted to the new format of debate, six segments of 15 minutes each. the next presidential debate is october 16th. mr. romney is expected to hit the airwaves today with a barage of tv ads. according to the new york times, the romney camp has been quietly increasing its ad spend, and could shell out up to $13 million in commericials in swing states. meanwhile, president obama is outpacing mr. romney with tv ads. the times reports it's especially noticeable in flordia, where pro-obama ads outnumber pro-romney ads by nearly 50%. the obama camp is also strategically spending large amounts of money on campaign ads runing during shows heavily watched by women and young people. a federal court has decided to allow american airlines passenger service agents to hold union elections. the airline had t
but did thursday on the trail. >> when asked what he would actually do to cut the deficit and reduce spending he said he would eliminate funding for public television. thank goodness somebody is finally getting tough on big bird! it's about time. we didn't know that big bird was driving the federal deficit. >> reporter: last night, the late night show ss had fun with it, too. >> [ bleep ] fire big bird! >> reporter: for years, conservatives have accused pbs of having a liberal buy asias, arguing its federal funds aren't justified. >> we are clearly, as a country, facing such significant challenges. but to talk about pbs in budget issues to me is unbelievable. >> reporter: the official sesame street twitter feed speak as big bird was more coy saying my bedtime is usually 7:45 but i was really tired yesterday and fell asleep at 7:00. did i miss anything last night? he did. as we still see online this morning, dozens of mean and sa satyrical photos. i'm jeff glor new york for "cbs this morning." >> i think there's a legitimate argument about whether the federal g
for rejecting bipartisan plans that would have reduced the deficit. >> and the republican vice presidential candidate was in new hampshire and ohio today. reaching out to those swing state voters. ryan told the crowd in new hampshire that they had an enormous opportunity to help his ticket win in november. new hampshire was the state where romney kicked off his presidential bid last june. he also came back and kicked off his general election candidacy there. right now, mr. obama is leading polls in new hampshire and all the other swing states. >> how many stars would you have given today? >> how many will you give me? >> four possible. >> four stars. >> there you go. >> all right. things are changing though. jim ramsey will join us. >> we would like another but we're not going to get it. bob: you may not realize how good a day this was. having an 80 degree temperature today. 79. how about that for a high temperature. that's about 10 degrees above normal for this date. not much to show you on the time lapse camera. it looks like a gorgeous
the 2012 deficit had exceeded, now, $1.1 trillion. more than $1 trillion, four years in a row. >>guest: what a record. that means, and we have talked about this of with, four straight years of $1 trillion plus gifts. if you total them up over the four years it is $5 trillion. the first year of that i blame on president bush. the last three years have been president obama. don't forget, another one of the president's key campaign promises back in 2008, remember that? he said i will cut this deficit in half. $4 trillion he promised. talk about the bush tax cut expiring if biden is right and you increase taxes by $1 trillion how does that turn into jobs? >>guest: we will talk about what taxes they are talking about raising. they are talking about raising small business tacks from 35 to 41 or 42 percent. the capital gains tax is the capital we use to start businesses, that tax goes up from 15 percent to 24 percent. and you have estate taxes going up and dividend taxes going up. you have been in the financial market as long time, if you raise the taxes you know the impact it will have on in
to cut spending and reduce the deficit, his big example was to go after public television. for all you moms and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out, too. governor romney plans to let wall street run wild again but he's going to bring down the hammer on sesame street. it makes perfect sense. >> that was president obama today blasting mitt romney on big bird. it's amazing. who would have thought that big bird would become the hot topic from the debate? in fact, big bird showed up at a rally today. it said, crack down on wall street, not sesame street. romney gave president obama lot of openings the other night. he industried tried to sprint fd right to the middle but ending up tripping autopsy over the truth. >> now, my opponent, he was doing a little tap dance at the debate the other night. trying to wiggle out of stuff that he's been saying for a year. doing like a -- it was like dancing with the stars. >> the president's right. romney tried to dance away from his own record in the debate. he danced around
close the deficit next year. if you look at example. this was tried in oregon in 2010. it didn't bring the revenue they thought. tried the same experiment in illinois. didn't bring in the revenue they thought. do you think down the line though, somebody will have a scorecard and say this is what you thought it would bring in but it didn't happen? >> well they will have to, melissa. so initially, you're absolutely right. initially when you raise taxes, remember we're halfway through a tax year. so you can't, you can't move today and not claim you earned that money in france. so people will have to pay higher taxes this year. so they might have a little bit better of a budget over the next 12, maybe, 18 months. but after this, things start to fall apart. but more importantly, businesses are going to see growth slow down and they're going to have to lay off workers. this is where the polls and the politics starts to work against the president. melissa: i worry this is where it comes home to the u.s. because immediately today all across the news when people were reporting this story i say
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